Net sales are total revenue after deducting allowances, discounts, returns, and taxes. Formula: Net sales = Gross sales - (Allowances + Discounts + Returns + Taxes). Gross sales = Product price x Total number of products sold
RevPAR measures hotel performance by multiplying ADR by occupancy rate. Can be calculated by dividing total revenue by total available rooms. Higher RevPAR indicates better room rate or occupancy
ADR measures average revenue earned per occupied room daily. Calculated by dividing total room revenue by number of rooms sold. Excludes complimentary rooms and staff-occupied rooms
Food cost percentage typically ranges from 28-35% of restaurant sales. Gross profit margin shows percentage of sales that goes to profit. Prices can be calculated using raw food cost or desired margin
Automatic savings deposits help save money automatically. Pay off existing debt to avoid accumulating new ones. Set realistic savings goals within reach. Keep track of expenses and create detailed budgets
Beacons 2.0 is an AI-powered influencer management tool. Platform combines various tools into one comprehensive solution. Offers free plan with basic features